By Nasuha Badrul Huzaini
SHAH ALAM, July 5 — The master developer of Selangor Halal Hub, Central Spectrum (M) Sdn Bhd (CSSB), and Oleon Port Klang Sdn Bhd (Oleon) have reached an agreement for the purchase of 10.07 acres of land (4.075 hectares) in Pulau Indah, today.
The land worth RM30.7 million would be utilised to expand the manufacturing facilities of Oleon, a leading producer of oleochemicals, to meet the global demand for the chemical compound derived industrially from animal or vegetable oils or fats.
CSSB chief executive officer Mohamad Razif Abdul Wahab said the ceremony marks another milestone in the two parties’ longstanding business partnership.
“Oleon has always been one of our initial and largest investors since 2012, whereby the company had invested RM230 million to set up their existing plant in the Selangor Halal hub which has since created 130 job opportunities for the local community.
“The latest facility is expected to be worth RM200 million and would create more than 50 job opportunities for the Selangor people, specifically in the high and specialised skills segment,” he said in his speech at the signing ceremony at Saujana Hotel Kuala Lumpur, here today.
The sale and purchase agreement was signed by Mohamad Razif and Oleon country manager Stephane Bernard, witnessed by Menteri Besar Dato’ Seri Amirudin Shari and Belgian Ambassador to Malaysia Pascal Gregoire.
Also present were Selangor State Secretary Datuk Haris Kasim, Menteri Besar Selangor (Incorporated), or MBI, chief executive officer Norita Mohd Sidek, and Invest Selangor Bhd chief executive officer Dato’ Hasan Azhari Idris.
CSSB is a well-established property developer under MBI that has been mandated to develop and promote Pulau Indah.
Meanwhile, Amirudin in his opening remarks said Selangor has continued to be the nation’s min economic engine and is considered as the preferable location for domestic and foreign investors in the manufacturing and services sectors, despite the uncertainty brought on by the Covid-19 pandemic
“Selangor is sparing no effort and has been quite aggressive in its promotions and interactions with its global strategic partners and potential investors.
“We have implemented several key initiatives to ensure the state retains its strategic value propositions and continues to be a valuable destination for investment projects serving both domestic and global markets,” he said.
The Menteri Besar said this includes strengthening the state government’s delivery systems, which are designed to help investors get approvals more quickly through improved and simplified processes.
“This will certainly remain the most important factor influencing investor interest in Malaysia, particularly in Selangor,” he added.
